Observations and theory show that, on average, 28% of the binding-energy in aurophilic interaction can be attributed to relativistic expansion of the gold d-orbitals. GLD E5CUw66jvPSGirggrek8vagARNM2ZQErEN

Introduction Goldcoin is an distributed peer-to-peer system, in which all transactions are stored. Each node has 1 (Peer) a copy of the whole block chain(Block Chain is a list of concatenated data blocks containing the transactions). New blocks are automatically distributed in this network to all participants.The creation of new blocks is subject to certain conditions. It needs a new block to be found with some effort. This process is called "Mining" and made of dedicated programs.Whether a newly found block is accepted and therefore the block chain is taken, is by consensus of participants decided (see also problem of Byzantine generals).Each participant program decides for itself whether it considers and accepts the new block as valid. Since most participants an implementation and therefore the principles of parts, will find a majority consensus.Should there be two equally valid new blocks, the longer Blockchain will win.

Reasons for development:- Independence from the failure of financial institutions such. As in banking crisis- Independence from the failure of the state z. B. in debt crisis- Independence from the failure of central banks z. B. by printing money- You are pseudonym or have an anonymous but public transaction history (block chain) → Recovery of Bank secrecy- Can be made anonymously, if necessary → recovery of bank secrecy- The time for execution of transactions is faster than the traditional banking system. She is about ten minutes a confirmation (makes the six recommended confirmations total of 60 minutes)- Goldcoins, are managed in a computer network that communicates with each other over the Internet. They can be used anywhere where a connection to the Internet is possible.